Support Measures for Singapore-based Firms Navigating US Tech Restrictions and China Rare Earth Export Controls
Ministry of Trade and IndustrySpeakers
Summary
This question concerns Ms He Ting Ru’s inquiry into how the Ministry of Trade and Industry supports Singapore-based firms navigating US technological restrictions and China’s rare earth export controls. Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong stated that agencies issue advisories and conduct outreach, such as seminars by Singapore Customs, to build export control capabilities. EnterpriseSG also partners with the Singapore Business Federation to provide trade tools and advisory support, while the Singapore Economic Resilience Taskforce manages the Business Adaptation Grant. This grant specifically assists eligible enterprises in adapting operations, reviewing legal risks, and pursuing supply chain diversification to strengthen resilience against global economic uncertainties. The Government continues to monitor international developments closely and will review these support measures as necessary to help companies manage evolving trade regulations and compliance.
Transcript
3 Ms He Ting Ru asked the Deputy Prime Minister and Minister for Trade and Industry (a) what is the Ministry doing to help Singapore-based firms navigate US technological and transshipment restrictions and China's rare earth export controls; (b) how will the Ministry seek to review and update these support measures; and (c) how does the Ministry work with firms that face challenges from these regulations.
Mr Gan Kim Yong: The Ministry of Trade and Industry (MTI) and the relevant agencies issue advisories and conduct outreach programmes to raise awareness and build capabilities on export controls among the Singapore business community. For example, in April and June 2025, MTI and Singapore Customs issued advisories regarding unilateral export controls on advanced semiconductors and artificial intelligence technologies, as well as the importance of accurate permit declarations for exports. Singapore Customs also works with their international partners to conduct annual outreach seminars on export controls. EnterpriseSG works with the Singapore Business Federation and its Centre for the Future of Trade and Investment to provide tools, resources and advisory support for businesses to navigate and manage their trade operations.
In addition, the Singapore Economic Resilience Taskforce (SERT) was established in April 2025 to support businesses and workers in navigating global economic uncertainties. SERT launched the Business Adaptation Grant in October 2025 to help eligible enterprises adapt their business operations and strengthen supply chain resilience. The grant supports activities, such as navigating trade compliance requirements, reviewing legal and contractual risks and pursuing supply chain and market diversification.
The Government closely monitors global developments and will review the support measures for companies as needed.